|Published : 17 Apr 2017, 13:51:54 | Updated : 17 Apr 2017, 13:52:31|
IFC to finance Bangladesh’s first LNG import terminal
International Finance Corporation(IFC) will finance to build Bangladesh’s first LNG import terminal.
Excelerate Energy Ltd will build the LNG import terminal.
The total cost of the project is estimated to be at $179.4 million.
IFC will give loan up to $34.1 million for its own account through an A loan and will mobilize up to an additional $91.4 million in Parallel loans or IFC B Loans.
IFC also expects to invest up to $10.8 million in equity for its 20 per cent equity share in the Project Company, IFC said in a disclosure, according o a report by www.dealstreetasia.com.
The pis being co-developed via a special purpose vehicle, Excelerate Energy Bangladesh Ltd, by the IFC and Excelerate Energy Ltd.